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WALKER v. ACTION INDUSTRIES, INC.

No. 85-1407.

802 F.2d 703 (1986)

Walter T. WALKER, III, Appellant, v. ACTION INDUSTRIES, INC.; Amos Comay; Sholom D. Comay; Ernest S. Berez, Appellees.

United States Court of Appeals, Fourth Circuit.

Decided October 1, 1986.

Attorney(s) appearing for the Case

Bradley G. McDonald (John F. Karl, Jr., McDonald & Karl, Washington, D.C., B.G. Stephenson, Stephenson & Balthrop, Ltd., Fairfax, Va., William B. Moore, Bean, Kinney, Korman, Hylton & Moore, Arlington, Va., on brief), for appellant.

Bernard Marcus (Robert L. Potter, Susan A. Gromis, Titus, Marcus & Shapira, Pittsburgh, Pa., John S. Stump, Janis Orfe, Boothe, Prichard & Dudley, McLean, Va., on brief), for appellees.

Before WIDENER, MURNAGHAN and ERVIN, Circuit Judges.

ERVIN, Circuit Judge:

Walter T. Walker, III, appeals the jury verdict against him on his claim for violations of § 10(b)1 of the Securities Exchange Act of 1934 and SEC rule 10b-52 based on alleged material omissions in a tender offer statement and press release issued by Action Industries, Inc. (Action). Walker also appeals the district court's directed verdict on his state law claim against certain directors...

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